Solve. -Jon Has 897 Points in His Math Class. He Must

question 92

Multiple Choice

Solve.
-Jon has 897 points in his math class. He must have 88% of the 1200 points possible by the end of the term to receive credit for the class. What is the minimum number of additional points he must earn by the end of the
Term to receive credit for the class?

• A)789 points
• B)303 points
• C)159 points
• D)1056 points

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Definitions:

Short-run Phillips Curve

A graphical representation in economics showing a short-term inverse relationship between inflation and unemployment rates.

Long-run Aggregate-supply Curve

Represents the total quantity of goods and services that producers in an economy are willing and able to supply at different price levels when all production inputs are variable.

Short-run Aggregate-supply Curve

A curve in macroeconomics that shows the relationship in the short run between the price level and the quantity of goods and services that firms are willing and able to supply.

Long-run Phillips Curve

The long-run Phillips Curve illustrates the relationship between inflation and unemployment when expectations of inflation are fully adapted, often showing no trade-off between inflation and unemployment in the long run.